UAE announces $4.5b in Africa clean energy investments

UAE announces $4.5b in Africa clean energy investments

NAIROBI — The United Arab Emirates announced on Tuesday $4.5 billion in clean energy investments in Africa during a landmark climate summit hosted by Kenya that is aimed at attracting funding for efforts to combat global warming.

"We will deploy $4.5 billion... to jumpstart a pipeline of bankable clean energy projects in this very important continent," said Sultan Al Jaber, who heads the government-owned renewable energy firm Masdar, the UAE's national oil company ADNOC and the COP28 climate talks.

Heads of state, and government and industry leaders, are among thousands of attendees at the Nairobi summit where Africa is promoting its potential as a clean energy powerhouse.